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QMX Gold Leverages Strategic Asset
QMX Gold has signed a custom milling agreement with Gowest Gold to restart its Aurbel Mill in Val d'Or, Quebec, beginning with a pilot program of 120,000 tonnes and expanding to 220,000 tonnes annually. This leverages QMX's previously underutilized processing facility to create a revenue-generating business unit while Gowest funds the mill restart.
Mason Graphite provides Lac Guéret Project and corporate update
Mason Graphite provided a construction update on its Lac Guéret graphite project in Quebec, reporting that detailed engineering is largely complete and grinding mills are nearing manufacturing completion with delivery expected in November 2018. The company has revised its capital expenditure estimate to $258M from the previous $200M estimate, while maintaining strong cash liquidity of approximately $33M following a $45M equity financing closed in January 2018.
Osisko Metals participates in a $250,000 donation to UNB for the Osisko Field Education Fund
Osisko Metals joined forces with two other Osisko companies to donate $250,000 to the University of New Brunswick's Earth Sciences Department, creating the Osisko Field Education Fund. The fund will help reduce costs for geology field school courses, making them more accessible to students while supporting educational excellence.
Stelmine initiates new exploration work
Stelmine Canada is launching a one-month exploration campaign on its Trieste, Joubert and Mercator claims in Quebec's Opinaca basin, following up on promising 2017 gold results including 4.69 g/t Au from quartz veins. The company holds 994 claims spanning 517 km² in the region and is encouraged by recent nearby discoveries by other companies.
Nouveau Monde Graphite and the Municipality of Saint-Michel-des-Saints sign agreement in principle
Nouveau Monde Graphite signed an agreement in principle with the Municipality of Saint-Michel-des-Saints for development of the Matawinie graphite project. The agreement establishes a framework for collaboration, environmental protection, and community benefit-sharing for the project that could produce 52,000 tonnes of graphite concentrate annually over 27 years.
Midland and Altius discover new copper-gold-molybdenum-silver and gold showings in James Bay
Midland Exploration and Altius Minerals discovered new high-grade copper-gold-molybdenum-silver showings at their Lothlorien project in James Bay, Quebec. The Galadriel showing returned exceptional grab sample results of up to 7.19% copper, 0.70% molybdenum, 4.3 g/t gold and 61 g/t silver. The discoveries form a 225-meter mineralized trend suggesting a magmatic-hydrothermal system with significant exploration potential.
Mason Graphite announces appointment of key executives with strong construction experience
Mason Graphite appointed two senior executives with construction experience from the $1B Renard diamond project to lead construction of its Lac Guéret graphite project. The company has $40M cash and expects to begin construction shortly after receiving remaining permits.
Monarques Gold produces 4,695 ounces of gold and generates $10 million in revenue in fourth quarter
Monarques Gold produced 4,695 ounces of gold in Q4 2018, generating $10 million in revenue despite a 5% production decline from the previous quarter. The company initiated a feasibility study on its Wasamac deposit with 2.6 million ounces of measured and indicated resources, while custom milling operations grew 31% to offset production declines.
Canadian stone quarrier Polycor Inc. invests in Europe with the acquisition of 4 limestone quarries
Quebec-based natural stone company Polycor Inc. acquired four limestone quarries in Burgundy, France from Rocamat, including the historic Massangis stone quarry. The acquisition includes plans to upgrade equipment and infrastructure while bringing back 18 employees, expanding Polycor's global footprint to offer French limestone to North American clients.
New phase of exploration underway at East Cadillac Gold Project in Quebec
Chalice Gold Mines has commenced a C$1.9 million field exploration program at its East Cadillac Gold Project in Quebec, running July-September 2018. The program aims to assess newly identified targets, investigate recent gold discoveries at North Contact and Lac Rapides, and define drill-ready targets for late Q4 2018 drilling.
M.P.V. Explorations starts its first drilling campaign on UMEX
M.P.V. Explorations has commenced its first 1,000-meter diamond drilling campaign on the UMEX Property in Quebec's Chapais sector. The program aims to validate historical estimates from the 1970s that identified 450,000 tons grading 1.35% copper, 2.0% zinc and 38 g/t silver in a volcanic massive sulphide lens.
Kintavar begins drilling on the Stratiform Copper Mitchi Project in Quebec
Kintavar Exploration has commenced diamond drilling on its 100%-owned Mitchi copper project in Quebec's Grenville province, planning over 4,000 meters across two corridors. The program follows encouraging stratiform copper mineralization intersected from surface in January 2018 drilling, with assay results expected by end of July.
Momentum PR adds Stelmine to its portfolio of junior mining companies
Stelmine Canada has retained Montreal-based Momentum PR for investor relations and capital markets communications services in a 6-month agreement worth $8,500 per month plus 300,000 stock options. The junior exploration company holds 994 claims covering 517 km2 in Quebec's eastern Opinaca basin, targeting gold deposits in geological contexts similar to the Éléonore Mine.
Drilling of Kiena Deep A Zone from exploration ramp returns high grade results
Wesdome Gold Mines reported high-grade gold results from underground drilling at the Kiena Deep A Zone in Quebec, with the best intercept returning 39.58 g/t gold over 18.2 metres. The company has completed 986 metres of exploration ramp development and plans to drill 50,000 metres underground to define the extent of the gold system ahead of an updated resource estimate.
Mason Graphite hires senior commercial executive with strong experience in battery materials
Mason Graphite has hired Mario Felicetti as Vice-President Sales, bringing 15 years of experience including 5 years at Johnson Matthey focusing on energy storage materials. Felicetti previously managed global commercial strategy and negotiated multi-year contracts with Li-ion battery manufacturers across five regional offices.
New gold discovery for Stelmine in the eastern James Bay region
Stelmine Canada announced a new gold discovery on its Trieste property in Quebec's James Bay region, with sampling returning 1.10 g/t gold from mineralized wallrock near banded iron formations. The company has expanded the property to 66.6 km² through acquisition of 81 new claims and plans a comprehensive exploration program for summer 2018.
Stelmine reveals a new gold-rich zone on Courcy
Stelmine Canada reported high-grade gold results from its new Southern Zone at the Courcy property in Quebec, including visible gold and assays up to 167 g/t Au. The company identified km-long mineralized structures and plans diamond drilling for summer 2018 to advance the discovery.
Cartier cuts 8.5 g/t gold over 3.5 m, 205 m below Chimo Mine
Cartier Resources intersected 8.5 g/t gold over 3.5 metres at 1,050 metres depth, 205 metres below the deepest stope at the former Chimo Mine in Quebec. This high-grade intersection is part of an 8,000-metre deep drilling program targeting depth extensions of gold-bearing zones that produced two-thirds of the mine's historical 379,012 ounces.
Radisson appoints Catherine Jalbert as Exploration Manager
Radisson Mining Resources appointed Catherine Jalbert as Exploration Manager, bringing 10 years of experience in 3D modelling and NI 43-101 reporting to advance the O'Brien gold project. The company granted her 100,000 stock options priced at $0.19 as part of the appointment.
COREM announces the appointment of its new President and CEO
COREM, Canada's largest mineral processing research centre, appointed Francis Fournier as President and CEO effective January 15, 2018, succeeding Claire Lavallée. Fournier brings over 20 years of innovation sector experience, primarily with FPInnovations, and expertise in strategic partnerships and R&D operations.
Monarques Gold announces custom milling contract with Nottaway Resources
Monarques Gold announced a custom milling contract with Nottaway Resources to process ore from the Vezza mine at its Camflo mill. The agreement covers at least 15,000 tonnes per month for a minimum of 180,000 tonnes in 2018, providing stable revenue flow for Monarques' milling operations.
SOQUEM completes a new drilling program at the B26 Polymetallic Project
SOQUEM completed a 6,588-metre drilling program at its B26 polymetallic deposit in Quebec, reporting high-grade intersections including 10.84% zinc with 526.4 g/t silver over 6.86 metres. The volcanogenic massive sulphide deposit contains zinc, copper, gold and silver mineralization, with results feeding into a maiden resource estimate expected in Q1 2018.
Monarques Gold announces a custom milling contract with Wallbridge Mining for 35,000 tonnes of ore
Monarques Gold announced a custom milling contract with Wallbridge Mining to process 35,000 tonnes of ore from the Fenelon Gold property at its Camflo mill in Quebec. This is the second such contract signed in recent weeks as Monarques works to operate the mill at full capacity, following recent approval to increase daily capacity from 1,200 to 1,600 tonnes per day.
Quebec Mining Sector in attendance at Xplor!
The Quebec Mineral Exploration Association held its annual Recognition Awards Gala at the Xplor 2017 convention in Rouyn Noranda, attracting 1000 visitors and 110 exhibitors. Award winners included Osisko Mining for Discovery of the Year (Lynx Deposit), Nemaska Lithium for Entrepreneur of the Year, and several other industry leaders across various categories.